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A portfolio has an expected return of 11% and a standard deviation of 25%. Its benchmark is a market index that has an expected return
A portfolio has an expected return of 11% and a standard deviation of 25%. Its benchmark is a market index that has an expected return of 9% and a standard deviation of 14%. The risk-free rate in the economy is 1%. What is the M2 measure of the portfolio?
Note: Write your answer in decimal (do not round). For example, write 0.004 instead of 0.4%.
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